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Trade sale

vodafone-new-zealand-ajay-sharma-jason-paris
Vodafone New Zealand buys out PE partner in retail JV

Millennium Corp, a specialist technology, media, and telecom (TMT) investor operating in New Zealand and the Pacific region, has exited its 50% stake in Vodafone New Zealand’s retail stores.

  • Australasia
  • 18 May 2022
india-eye-health
TPG, Temasek invest $136m in India's Dr Agarwal’s

TPG Growth and Temasek Holdings have invested a combined INR 10.5bn (USD 136m) in Indian eyecare chain Dr. Agarwal’s Eye Hospital, setting up an exit for ADV Partners.

  • South Asia
  • 12 May 2022
little-learning-school
Bain sells Australia childcare business for $320m

Bain Capital has sold Australia-based daycare provider Only About Children (OAC) to US strategic investor Bright Horizons Family Solutions for AUD 450m (USD 320m).

  • Australasia
  • 04 May 2022
india-solar-people
Actis sells India renewables platform to Shell for $1.55b

Actis has sold Indian renewables platform Sprng Energy, including its flagship solar business Solenergi Power, to Shell Overseas investment for USD 1.55bn.

  • South Asia
  • 03 May 2022
interlace-singapore
MSPEA buys control of Singapore-listed APAC Realty

Morgan Stanley Private Equity Asia (MSPEA) as agreed to buy Northstar Group’s majority stake in APAC Realty, a Singapore-listed real estate services company in Asia, for SGD 129.5m (USD 94.2m).

  • Southeast Asia
  • 26 April 2022
e-commerce-keyboard-cart-shopping-online
Amazon buys VC-backed Indian social commerce player

GlowRoad, an India-based social commerce start-up that has received several rounds of VC funding, has been acquired by Amazon for an undisclosed sum.

  • South Asia
  • 25 April 2022
analysis-hands-graph-chart
1Q analysis: Monetising managers

Baring Asia and PAG underline the value of their management entities; exits slump amid uncertainty; BGH Capital, renminbi GPs shore up fundraising; investment fails to extend the late 2021 flourish

  • Greater China
  • 13 April 2022
straitnz-shipping
CPE sells New Zealand shipping business to Morgan Stanley

Australian middle-market private equity firm CPE Capital has sold StraitNZ, a ferry and logistics operator that runs services across the Cook Strait between New Zealand’s North and South Islands, to Morgan Stanley Infrastructure Partners (MSIP).

  • Australasia
  • 06 April 2022
tokyo-japan
Carlyle sells Japan construction materials supplier to Lone Star

The Carlyle Group has sold Senqcia Corporation, a Japanese construction materials supplier formerly known as Hitachi Metals Techno, to Lone Star Funds for an undisclosed sum.

  • North Asia
  • 04 April 2022
india-map
Bain buys minority stake in India's IIFL Wealth

Bain Capital has paid INR 33.8bn (USD 484m) for a 24.98% stake in India’s IIFL Wealth Management, taking out positions held by General Atlantic and Fairfax India Holdings.

  • South Asia
  • 04 April 2022
guardian-hygiene
Deal focus: Jade Invest rides pest control M&A boom

Having offered a blueprint for pest control consolidation globally in Anticimex, EQT wants to repeat the trick in China with Guardian Hygiene Service. It meant a 3.3x return for previous owner Jade Invest

  • Greater China
  • 29 March 2022
computer-data-analysis
Quadrant secures $217m Australia IT services exit after two-year hold

Quadrant Private Equity has sold Australian IT enterprise services business Arq Group to NCS Group, a SingTel Group-owned IT and communications engineering player, for AUD 290m (USD 217m).

  • Australasia
  • 29 March 2022
lithium-urban
India's EverSource acquires local EV fleet operator

India’s EverSource Capital has acquired a majority stake in Lithium Urban Technologies, a local electric vehicle (EV) fleet and charging infrastructure operator, for an undisclosed sum.

  • South Asia
  • 24 March 2022
guardian-hygiene
EQT buys China pest control business

EQT Private Equity Asia has acquired majority stake in Guardian Hygiene Service, China’s largest domestic pest control company, for an undisclosed sum. It facilitates a full exit for Jade Invest.

  • Greater China
  • 23 March 2022
lingerie-woman-bra
India's Reliance buys VC-backed Clovia

Clovia, an India-based lingerie and sleepwear retailer backed by several VC investors, has been acquired by Reliance Retail Ventures (RRVL) at an approximate valuation of USD 140m.

  • South Asia
  • 23 March 2022
tusimple-truck-2
PE-backed TuSimple ponders Asia asset spinout

TuSimple, a private equity-backed developer of autonomous driving technology for trucks that listed in the US less than 12 months ago, is considering a spinout of its Asia Pacific operations.

  • Greater China
  • 22 March 2022
waste-collection-rubbish-trash
Livingbridge gets ESG-linked credit facility in Australia from Ares

Livingbridge has secured AUD 280m (USD 206m) in sustainability-linked credit facilities from Ares Management to support its acquisition of Australia-based waste management services provider Waste Services Group (WSG).

  • Australasia
  • 18 March 2022
adult-care-elderly-aged
J-Star exits Japan nursing care provider

J-Star has exited dementia-focused nursing care provider Platia to Bain Capital-owned counterpart Nichii Gakkan for an undisclosed sum.

  • North Asia
  • 15 March 2022
tim-li-hwachie-lee-inspiration
Deal focus: Inspiration snares rare China mid-cap tech buyout

Antute, a third-party IT maintenance provider, became an orphan asset following a larger M&A deal. Inspiration Capital Partners sees it as an attractive play on China’s digitalisation drive

  • Greater China
  • 09 March 2022
avcj-awards-2021-exit-small-cap-bonnie-lo-01
AVCJ Awards 2021: Exit of the Year – Small Cap; Operational Value Add: Integreon

Helping Integreon, an over-diversified outsourcing services company, re-focus and renew management was all part of the plan. Postponing the exit as COVID-19 amplified demand was the unexpected coup

  • Southeast Asia
  • 01 March 2022
australia
PEP targets $1b for second Australia secure assets fund

Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.

  • Australasia
  • 23 February 2022
avcj-awards-2021-exit-large-cap-brian-hong
AVCJ Awards 2021: Exit of the Year – Large Cap: Softex Indonesia

CVC Capital Partners helped Softex Indonesia grow its market share by penetrating modern retail channels and launching an ESG program. A USD 1.2bn trade sale exit to Kimberly-Clark was its reward

  • Southeast Asia
  • 23 February 2022
ev-battery-motor-engine
Navis poised for 6x return on TES-Envirocorp

Navis Capital Partners is set to generate a 6x return on its investment in Singapore-based TES-Enivrocorp, following an agreement to sell the environmental services provider to Korea’s SK Ecoplant at a valuation of USD 1bn.

  • Southeast Asia
  • 22 February 2022
six-waves
Hong Kong game developer 6Waves bought by European strategic

6Waves, a Hong Kong-based mobile game developer that previously received funding from Insight Partners, has been acquired by Swedish gaming studio Stillfront Group for USD 201m, comprising cash and shares.

  • Greater China
  • 21 February 2022
1 2 3

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Ince leads $30m round for China’s PhiGent Robotics
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China's BlueRun $819m across US dollar, renminbi funds
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Hong Kong's Betatron hits $15m first close on VC fund
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SBI, Kyobo Life seek $75m for Asia VC fund
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